Iran Tensions Threaten Gas Prices | San Antonio News

Tensions between the U.S. and Iran are heating up again, with Iran striking commercial ships and U.S. military sites in the Persian Gulf — a move that could choke off oil shipments through the Strait of Hormuz and send crude prices soaring, ultimately hitting gas prices at the pump. Crude recently hit a weekly high, and while regular gas prices only crept up slightly, they’re still far from where they were last month. Since refiners buy oil in advance, gas price hikes often lag behind crude spikes. The U.S. Strategic Petroleum Reserve, already at its lowest level since 1983, leaves little room to cushion future price shocks. Ships are now being advised to avoid the Strait, with some opting for longer routes or going “dark” to evade detection — making monitoring harder. Though the situation is volatile and could unravel fragile peace, it’s not yet a full-blown war — and there’s still a chance for diplomacy to prevent escalation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/88498534d3efa7fb